Euromoney Institutional Investor PLC (“Euromoney”), the international business information and events group, today announces that it has sold its Institutional Investor Journals (II Journals) business to Pageant Media.
II Journals publish original and practical analysis of global investment and finance, with an online archive of 10,000 articles. It is a small but influential business with 12 titles, available both online and in print, covering various disciplines in portfolio management and finance.
This transaction is in line with Euromoney’s strategy, including actively managing its portfolio of assets and seeking to sell certain businesses which do not align with its strategy.
Diane Alfano, Chairman and CEO of Institutional Investor, said: “II Journals is a high-quality business but not our strategic focus. We are delighted to have found in Pageant Media a new owner which is looking to invest in the sector and to take the business to the next stage of its growth. We wish the II Journals team and Pageant well.”
Commenting on the transaction, Charlie Kerr, CEO of Pageant Media, said: “The II Journals are recognised across the asset management sector for their excellence in providing senior professional investors and leading academics with informed and thought-provoking technical analysis. We look forward to investing further in these titles and are excited to begin thinking about the ways in which the specialist knowledge exhibited in these journals can bolster the growing information and networking services we provide to our hedge fund, private equity, real estate and mutual fund communities.”